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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]  
Summary of the Weighted-average Assumptions Used in the Valuation of Stock Options Granted

The following table summarizes the weighted-average assumptions used in the valuation of stock options granted:

December 31,

 

2023

 

 

2022

 

Expected volatility (%)

 

 

81.4

%

 

 

77.7

%

Risk-free interest rate (%)

 

 

3.6

%

 

 

2.9

%

Expected dividend yield

 

 

 

 

 

 

Expected term (years)

 

 

6.0

 

 

 

6.0

 

Summary of the Company Recognized Stock-based Compensation Expense Related to Stock Options

The Company recognized stock-based compensation expense related to stock options of $3.4 million, and $4.8 million for the years ended December 31, 2023 and 2022, respectively, which was included in the consolidated statements of operations and comprehensive loss as follows (in thousands):

 

Year ended
December 31, 2023

 

 

Year ended
December 31, 2022

 

Sales and marketing

 

$

53

 

 

$

689

 

Operations

 

 

623

 

 

 

689

 

Technology and product development

 

 

380

 

 

 

1,191

 

General and administrative

 

 

2,384

 

 

 

2,235

 

Total

 

$

3,440

 

 

$

4,804

 

Restricted Stock Units (RSUs) [Member]  
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]  
Summary of Restricted Stock Units (RSUs) Activity

Restricted stock units (RSUs) activity is as follows:

 

Number of
Shares

 

 

Weighted-
Average
Grant Date Fair
Value

 

Balance, December 31, 2022

 

 

3,450,792

 

 

$

8.52

 

RSUs granted

 

 

2,381,877

 

 

 

0.43

 

RSUs vested

 

 

(1,994,119

)

 

 

4.03

 

RSUs canceled

 

 

(594,181

)

 

 

8.69

 

Balance, December 31, 2023

 

 

3,244,369

 

 

$

5.30

 

Summary of Stock Option Activity

Stock option activity is as follows:

 

Number of
Shares

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Life (Years)

 

 

Aggregate
Intrinsic
Value

 

Balance, December 31, 2022

 

 

5,134,332

 

 

$

3.40

 

 

 

6.50

 

 

$

61

 

Options granted

 

 

4,490,000

 

 

 

0.27

 

 

 

8.50

 

 

 

 

Options exercised

 

 

(1,121

)

 

 

 

 

 

 

 

 

 

Options expired

 

 

(1,044,717

)

 

 

2.67

 

 

 

 

 

 

 

Options forfeited

 

 

(581,490

)

 

 

2.30

 

 

 

 

 

 

 

Balance, December 31, 2023

 

 

7,997,004

 

 

$

1.78

 

 

 

7.53

 

 

$

10

 

Vested and Exercisable,
   December 31, 2023

 

 

3,110,107

 

 

 

2.87

 

 

 

6.64

 

 

 

18

 

Vested and Exercisable and Expected to Vest,
   December 31, 2023

 

 

7,997,004

 

 

 

1.78

 

 

 

7.53

 

 

 

10

 

Summary of the Company Recognized Stock-based Compensation Expense Related to Stock Options

The Company recognized stock-based compensation expense related to RSUs of $9.1 million and $4.3 million for the years ended December 31, 2023 and 2022, respectively, which was included in the consolidated statements of operations and comprehensive loss as follows (in thousands):

 

Year ended
December 31, 2023

 

 

Year ended
December 31, 2022

 

Sales and marketing

 

$

408

 

 

$

734

 

Operations

 

 

1,851

 

 

 

734

 

Technology and product development

 

 

3,816

 

 

 

1,372

 

General and administrative

 

 

3,063

 

 

 

1,483

 

Total

 

$

9,138

 

 

$

4,323